World Bank Place Indonesia Debt at dangerous level

Political-economic observer Ichsanuddin Noorsy said the World Bank had placed Indonesia's foreign debt at a danger level. Because, the fluctuation is already above 30 percent.

Ichsanuddin said it in the dialectics of democracy 'Foreign Debt for Who?' At the Parliament Complex, Jakarta, Thursday (13/7/2017). Also present as speakers in this discussion were Members of Commission XI of the House of Representatives of FPDIP Maruarar Sirait and Chairman of Banggar DPR RI Azis Syamsuddin.

According to Ichsanuddin, if the burden of foreign debt of a country's fluctuation reaches 30%, then in danger level. The World Bank placed Indonesia at that level, with fluctuations in foreign debt burden of 34.08%. "And, as long as the country is foreign, Indonesia until 2040 will not be able to face foreign powers," he said.

The countries that lend to Indonesia are: Singapore (58 M US dollar), Japan (31 M US dollar), Netherlands (11 M US dollar), United States and others.

Meanwhile, Maruarat Sirait said the government should be more realistic in targeting economic growth and taxes. This is to realize the welfare of the people, and foreign debt does not burden the state.

In 2017, the growth target is 5.2% and the realization is 5.1%, while the tax revenue does not meet the target at the level of Rp 1,307.6 trillion. "There should be a balance between economic growth and tax targets. Indeed, the economy is slowing down around the world, but the real sector of small and medium economy in Indonesia is still growing well, "said Maruarar.

According to him, should the increase in economic growth followed by tax increases. "The condition of each country is different. However, Jokowi has built a strong long-term economic foundation by building various infrastructures throughout Indonesia,